The Wendy's Company Income Statement
WEN / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
The Wendy's Company reported $2.2B in revenue and $165M in net income for FY2025. Revenue has declined at a 0.8% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
- High leverage: Debt-to-equity ratio of 23.51
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.2B | $2.1B | $1.9B | $1.7B | $1.7B | $1.6B | $1.2B | $1.4B | $1.9B | $2.0B | $2.4B | $2.5B | $2.4B |
| Cost of Revenue | $791.7M | $783.2M | $794.5M | $773.2M | $611.7M | $614.9M | $597.5M | $548.6M | $517.9M | $752.1M | $1.2B | $1.4B | $1.8B | $1.9B | $1.8B |
| SG&A Expense | $252.7M | $255.2M | $250.0M | $255.0M | $243.0M | $206.9M | $200.2M | $217.5M | $203.6M | $236.8M | $256.6M | $260.7M | $291.5M | $287.8M | $292.4M |
| Operating Income | $343.5M | $371.4M | $382.0M | $353.3M | $367.0M | $269.3M | $262.6M | $249.9M | $214.8M | $314.8M | $274.5M | $242.6M | $139.3M | $122.7M | $137.1M |
| Interest Expense | - | - | $124.1M | $122.3M | $109.2M | $117.7M | $116.0M | $119.6M | $118.1M | $114.8M | $86.1M | $52.0M | $68.6M | $98.6M | $114.1M |
| Income Tax | $62.2M | $78.1M | $75.0M | $66.1M | $40.2M | $35.0M | $34.5M | $114.8M | -$93.0M | $72.1M | $94.1M | $76.1M | $16.1M | -$21.1M | $6.5M |
| Net Income | $165.1M | $194.4M | $204.4M | $177.4M | $200.4M | $117.8M | $136.9M | $460.1M | $194.0M | $129.6M | $161.1M | $121.4M | $45.5M | $7.1M | $9.9M |
| EPS (Basic) | $0.98 | $0.83 | $0.91 | $0.53 | $0.60 | $1.93 | $0.79 | $0.49 | $0.50 | $0.33 | $0.12 | $0.02 | $0.02 | - | - |
| EPS (Diluted) | $0.97 | $0.82 | $0.89 | $0.52 | $0.58 | $1.88 | $0.77 | $0.49 | $0.49 | $0.32 | $0.11 | $0.02 | $0.02 | -$0.01 | $0.01 |
| Shares Outstanding | 203.8M | 205.4M | 213.1M | 215.8M | 224.3M | 224.9M | 231.2M | 240.5M | 246.6M | 272.3M | 398.7M | 392.1M | 407.2M | 427.2M | 466.7M |
| Operating Margin | 15.8% | 16.5% | 17.5% | 16.9% | 19.3% | 15.5% | 15.4% | 15.7% | 17.5% | 21.9% | 14.7% | 12.1% | 5.8% | 4.9% | 5.6% |
| Profit Margin | 7.6% | 8.6% | 9.4% | 8.5% | 10.6% | 6.8% | 8.0% | 28.9% | 15.9% | 9.0% | 8.6% | 6.1% | 1.9% | 0.3% | 0.4% |